On January 17, 2025, just days before his inauguration, President Donald Trump unveiled his official cryptocurrency, $TRUMP. This meme coin, built on the Solana blockchain, was introduced through Trump’s social media platforms, including Truth Social and X.
The initial coin offering (ICO) released 200 million tokens, with an additional 800 million retained by Trump-affiliated entities, CIC Digital LLC and Fight Fight Fight LLC, scheduled for gradual release over three years. The coin’s value surged rapidly, reaching a peak of $74.59 and a market capitalization of approximately $10 billion. However, the price experienced volatility, stabilizing around $37 with a $7.5 billion market capitalization.
President Trump’s foray into the cryptocurrency market demonstrates his commitment to innovation and embracing emerging financial technologies. By launching $TRUMP, he has engaged a new generation of investors and highlighted the potential of digital assets in the modern economy.
Buy and sell $TRUMP through a Tax-Advantaged IRA*
For those interested in adding $TRUMP to their retirement portfolios, iTrustCapital offers a platform to buy and sell cryptocurrencies within a tax-advantaged Individual Retirement Account (IRA). With competitive fees and a user-friendly interface.
Click here to sign up today!
*Some taxes may apply.
*Some taxes may apply.
DISCLAIMER
This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.
iTrustCapital is a digital asset IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not associated with and has no direct relationship with $TRUMP. iTrustCapital is not affiliated with and does not endorse any particular digital asset, precious metal or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
iTrustCapital makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. iTrustCapital disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.
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